Partnership business definition

International Business Machines Corp. (IBM)’s goal to dominate the business application market through a partnership with former rival Apple Inc. has hit a snag where IBM has faced challenges before: China.
China’s government excluded Apple products such as iPads and iPad Minis from the list of products that can be bought with public money because of security concerns, according to government officials familiar with the matter. That means the business-software apps IBM is building for those tablets may face hurdles reaching the burgeoning Chinese corporate market. The Chinese government has been excluding U.S. technology companies from publicly-funded purchases and reviewed reliance on foreign products as tensions escalate between the countries over claims of hacking and cyberspying. The move against Apple products could deter the potential corporate customers that IBM is counting on to expand its mobile business. “The large businesses in China tend to buy where … [Read more...] about IBM-Apple app deal for businesses hits snag as China spurns iPad

Sustainable Development: Business Role Highly Appreciated
The endorsement of the orientated strategy for sustainable development is a strategic step that will create a solid foundation for Vietnam to sustain economic growth in the future. The active participation of the business community, through the representative of the Vietnam Chamber of Commerce and Industry (VCCI), in implementing this strategic orientation is a decisive factor for success and creates a dynamic partnership closely associated with the Government, businesses and other economic sectors for the sake of common targets and interests. In fulfilling commitments to the international community on sustainable development, since 2004, the Government of Vietnam issued the orientation for sustainable development in Vietnam, also commonly known as Vietnam’s Agenda 21. After six years carrying out Agenda 21, Vietnam has obtained many important environmental, economic and social achievements. The country has carried … [Read more...] about Sustainable Development: Business Role Highly Appreciated

Robert Hambleton wants to hear more noise from the huge container port outside his office near Ho Chi Minh City. Towering cranes at the next-door competitor are silent, without a ship on the horizon. “It’s a brand-new terminal without any customers,” said Hambleton, general director of Cai Mep International Terminal Co. “You get a sense of how dire the situation is. The whole terminal industry is oversupplied.” With companies from Intel Corp. (INTC) to Samsung Electronics Co. (005930) building billion-dollar factories in Vietnam, regional governments have established competing ports capable of handling overseas traffic, causing plunging rates and losses for operators estimated at $1.5 billion or more, according to Seaport Consultants Asia. Vietnam, with a coastline of about 3,400 kilometers (2,100 miles) along one of the world’s busiest sea cargo lanes, has ambitions to compete with Singapore and Hong Kong. The government wants to build even more … [Read more...] about Too many Vietnam seaports spoiling terminal business

(VOVworld) - Deputy Prime Minister and Foreign Minister Pham Binh Minh has said Vietnam treasures the development of ties with Germany which plays a key role in Europe and the world. Mr. Minh made the statement at a reception in Hanoi on Monday for Volker Kauder, parliamentary group leader of the ruling Christian Democratic Union and Christian Social Union (CDU/CSU) of the German Parliament. Kauder, in response, said the German parliament continually backs the promotion of mutual beneficial ties between the two countries. Both leaders welcomed the upcoming signing of a free trade agreement between Vietnam and the European Union, adding that it will definitely open up new cooperation prospects for the two business communities and regions. They agreed to direct agencies and businesses to use their influence to strengthen the Vietnam – Germany strategic partnership. They also discussed regional and global issues of mutual concern, including the East Sea. … [Read more...] about Vietnam, Germany boost cooperation among two business communities

Copycat products remain unbeatable
Copycat products are still a headache for local manufacturers, while authorities have yet to figure out any effective solution to curb the issue, a conference heard last week.
Voicing their opinions at a conference on the fight against fake products and trade fraud, many businesses said that whenever certain products enjoy strong sales and high consumption, they are immediately duplicated, with the copycat sporting more eye-catching packaging and designs, and sometimes even labeled with anti-counterfeit stamps.
Nguyen Huu Vinh, head of administration and personnel at LG Vina Cosmetic Co Ltd, the company which owns brand names such as Essance, Ohui, and Whoo, was quoted by Saigon Times Online as saying that fake products had damaged not only the company’s sales but also its reputation.
Vinh said LG Vina had recently managed to achieve only 70 to 75 percent of its full-year sales targets thanks to competition from the fake products.
He … [Read more...] about BUSINESS IN BRIEF 4/12